Ripple vs SEC Update: Pro-XRP Lawyer Reveals Timeline for Settlement — Hint: Earlier Than Expected
Financial journalist Eleanor Terrett has shed light on the procedural complexities of the ongoing Ripple-SEC legal battle. Answering a question in the comment section, crypto attorney Jeremy Hogan suggests a settlement could come sooner than many expected.
According to Terrett, the Ripple case presents unique challenges compared to Coinbase’s situation due to an existing order from Judge Torres at the district level. This order requires Ripple to pay a $125 million penalty. Torres maintains jurisdiction over the case until August 7, 2025, to ensure compliance with all terms.
While discussing potential settlement scenarios, Terrett highlighted input from a legal source who described the situation as “uncharted territory.” She explained that even if the SEC decides to drop its appeal at the Second Circuit, the regulator would still need to address the penalty ruling at the district court level, potentially seeking to reduce or dismiss it with Judge Torres’s approval.
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Jeremy Hogan Timeline for XRP Settlement
Adding his perspective to the discussion, attorney Jeremy Hogan offered a colorful analogy. He compares the SEC’s relationship with Coinbase and Ripple. “Coinbase and the SEC broke up after a couple dates. Ripple and the SEC moved in together and have a baby on the way,” Hogan remarked, explaining why the Ripple resolution requires more time.
2-3 months. Maybe sooner but I’m sticking with April – May.
— Jeremy Hogan (@attorneyjeremy1) February 21, 2025
When pressed for a more specific timeline by crypto community member Jonas Persson, Hogan provided an optimistic forecast. He expects the settlement to materialize within the next 2-3 months. He specifically points to April or May 2024 as likely timeframes. “Maybe sooner,” Hogan added, “but I’m sticking with April – May.”
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